Q3 2023 Earnings Report for Poultry Segment
Balance sheet: Assets
marel
Condensed Consolidated Interim Financial Statements Q3 2023
PP&E increased by EUR 21.5m since YE22 and
EUR 4.5m between quarters, mainly related to
investments in infrastructure, such as global
distribution center in Eindhoven, Netherlands and
new warehouse for manufactured parts in
Boxmeer, that became operational in April
Inventories decreased by EUR 26.1m since
YE22 and EUR 12.1m between quarters due to
ongoing actions to rebalance inventories
Contract assets decreased by EUR 10.7m since
YE22 and EUR 11.0m between quarters due to
progress on project deliveries
Other receivables and prepayments decrease by
EUR 6.7m since year-end 2022 and EUR 9.0m
QoQ due to timing of receipt of payments in
relation to, for example, VAT
Cash and cash equivalents increased by 9.5m
between quarters due to strong cash flow and
working capital development in the quarter
Assets
In EUR million
Property, plant and equipment
Right of use assets
Goodwill
Intangible assets
Investments in associates
Other non-current financial assets
Derivative financial instruments
Deferred income tax assets
Non-current assets
Inventories
Contract assets
Trade receivables
30/09 2023
31/12 2022
Change
348.6
327.1
+6.6%
40.0
39.8
+0.5%
866.8
859.2
+0.9%
559.9
562.3
-0.4%
3.4
4.0
-15.0%
3.7
3.7
+0.0%
5.7
1.5
+280.0%
36.2
31.6
+14.6%
1,864.3
1,829.2
+1.9%
377.5
403.6
-6.5%
55.1
65.8
-16.3%
217.1
218.3
-0.5%
Derivative financial instruments
1.9
1.8
+5.6%
Current income tax receivables
5.4
3.0
+80.0%
Other receivables and prepayments
92.3
99.0
-6.8%
Cash and cash equivalents
60.0
75.7
-20.7%
Current assets
809.3
867.2
-6.7%
Total assets
2,673.6
2,696.4
-0.8%
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